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Macro Tides Weekly Technical Review 18 January 2021
President elect Biden unveiled his $1.9 trillion American Rescue Plan last week which is likely to run into some opposition, especially sending $1,400 checks to individuals earning less than $75,000 and couples $150,000. These payments will be sent whether a person is employed and whose income hasn t been materially reduced by COVID-19.
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In October the Federal Reserve of New York asked 1,300 households how they spent their initial stimulus money which averaged $2,400 per household.
36% of stimulus payments were saved. ....

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